AI not hitting European jobs for now: ECB

Comparing 3,500 firms, some of which reported using AI and some of which did not, the economists overall found no difference in terms of creating or cutting jobs. Firms that use AI particularly frequently were in fact four percent likelier to hire new staff than average, the economists said in a blog post. "As things stand, based on firms' overall hiring plans, investment in and the intensive use of AI are not yet replacing jobs," they said. "In fact, some firms are hiring additional employees...